SC Upholds Revenue Petitions; Assessee Subject to Prior Judgment; Officers to Address Objections; Legal Remedies Open.

The SC upheld the petitions filed by the Revenue, referencing a prior judgment. The assessee is subject to the principles established in that judgment. Assessing officers must address objections per the Court's legal framework. The assessee retains the right to pursue legal remedies for unresolved issues. All pending applications are resolved.

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The Supreme Court allowed the petitions filed by the Revenue, citing a previous judgment. The assessee will be governed by the reasons discussed in the said judgment. Assessing officers will dispose of objections according to the law laid down by the Court. Aggrieved assessee can pursue rights and remedies except for concluded issues. Pending applications are disposed of.

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